MMBB Financial Services Hires New Chief Investment Officer

By David G. Barry

MMBB Financial Services has hired Hyde Hsu as its new chief investment officer, filling a spot that has been vacant since Noradeen Farlekas left over the summer.

MMBB is a $3 billion retirement system for Christian ministry workers. Farlekas spent three years as CIO before deciding to return to academia. She is now a full-time assistant professor at Fairfield University in Connecticut.

Hsu joins from the New York City Retirement System (NYCRS) where she spent the past eight months as a senior investment officer – public equities. She previously spent 23 years with consultant Willis Towers Watson, serving most recently as director of investments, manager research.

Hsu’s position at NYCRS – formally known as the Bureau of Asset Management – is one of 23 that it is currently trying to fill.